Rally after Short Term correction
Nifty-Intra Day Chart Analysis &
Market Outlook(31-08-2021)
Nifty-Intra Day Chart (30-Aug-2021):-
Technical Patterns formation in today intraday charts
1- Whole day up moves with downward corrections
2- Whole day actual trading between 16764-16951
Conclusions from intra day chart analysis
As whole day up moves with downward corrections after gap up opening and intraday selling patterns were not seen therefore rally will remain continued but Short Term indicators have turned overbought hence firstly Short Term correction may be seen which may be sideways also.